Red Sky Energy Limited · ASX:ROG
Red Sky Energy — Shareholder Meeting (May 2024)
12 slides from Red Sky Energy's shareholder meeting presentation, May 31, 2024
Slide 1: AGM Presentation
aa8 m<0O AGM Presentation 31 May 2024
Slide 2: Disclaimer and Important Notices
Disclaimer and Important Notices Various statements in this document constitute statements relating to intentions, future acts and events. Such statements are generally classified as forward looking statements and involve known risks, expectations, uncertainties and other important factors that coul
Slide 3: Corporate Snapshot
Corporate Snapshot An experienced team with a proven track record of excellence in oil & gas Corporate Shares on 52 week ASX Ticker Share Price Perf. Rights Market cap Debt Issue trading range ROG A$0.005 5,422,227,197 450m A$27.11m A$0.0m $0.003-$0.007 (27 May 2024) (undiluted) (27 May 2024) Share
Slide 4: Projects Overview
Projects Overview Important milestones achieved for both key projects 20% working INNAMINCKA interest • Free carry by Santos • Yarrow production commenced July 2023 • Gas sales agreement signed with Origin Energy (ASX:ORG) • $2.05m cash receipts generated since inception from Yarrow 3 production • C
Slide 5: Innamincka Project: Yarrow Production Commenced
Innamincka Project: Yarrow Production Commenced Santos completed Yarrow flowline with connection to the network and Yarrow 3 well First gas production August 2023 Gas sales agreement signed with Origin Energy under a take or pay agreement, with first cashflow received in Q4 2023 Further agreements f
Slide 6: Innamincka Project: First Production Revenue Received
Innamincka Project: First Production Revenue Received Production revenue from Yarrow Summary JV Products (100%): Monthly Production Summary Yarrow 3 has generated cash receipts of $2.05m since inception Approximately 78% of receipts are from gas sales with the balance from ethane, LPG and condensate
Slide 7: Innamincka Project: Joint 3D Seismic Acquisition Agreement
Innamincka Project: Joint 3D Seismic Acquisition Agreement Yarrow 3 seismic acquisition programme agreed with Santos in conjunction with adjacent permit to cover parts of PRL14 including Yarrow and PRL17 Seismic acquisition provides for Red Sky to be free carried through the programme Joint acquisit
Slide 8: Killanoola Oil Project: Market and sale agreement secured
Killanoola Oil Project: Market and sale agreement secured 100% owned Flagship Project located in South Australia’s onshore Otway Basin Sale agreement signed with Viva Energy (ASX:VEA) for all crude produced subject to specifications Benchmarked against dated Brent for pricing Discussions continue fo
Slide 9: Killanoola Oil Project: Revised Forward Programme
Killanoola Oil Project: Revised Forward Programme K1-DW1: To replace the faulty pump at DW1, a conventional rig was selected over the use of a Killanoola Sub-surface structure map: Top Upper Sawpit Sands Depth crane with specialist pipe handling tools Structure (PSS-Nov 23) A drilling rig has been s
Slide 10: Project Development Schedule
Project Development Schedule All Projects have existing contingent resources with potential upside 2023 – 2024 2024 Onwards KILLANOOLA, KILLANOOLA YARROW FLAX YARROW, FLAX ONGOING Discovered PIIP upgraded Production continues 6 existing wells from Yarrow 3 Low capex with revenues expected: High pote
Slide 11: Strategic Acquisitions
Strategic Acquisitions Red Sky continues to review and explore opportunities Red Sky is assessing Figure 8: Brent Crude Oil Prices USD 140 opportunities as part of its strategy of acquiring 120 Oil prices producing or near remain production assets 100 robust The global move to energy 80 transition o
Slide 12: Andrew Knox Mark Flynn
Andrew Knox Mark Flynn Managing Director Investor Relations +61 3 9614 0600 +61 416 068 733 andrew.knox@redskyenergy.com.au info@redskyenergy.com.au Released with the authority of the Board – 31 May 2024